Ministry of Finance announces guidelines for updated 2026 financing plan
The ministry updated its bond issuance program for this year to USD 23.6 billion.
Following Congressional approval of the bill establishing authorization for additional borrowing of up to USD 6.2 billion, the Ministry of Finance announces its updated bond placement program, increased from USD 17.4 billion to a total of USD 23.6 billion.
The updated program will be distributed as follows:
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International market: USD 9.6 billion (40% of total). It should be noted that approximately USD 4.4 billion were already issued in January, so remaining international placements will reach around USD 5.2 billion. A portion of these issuances could be executed in currencies other than the US dollar and the euro, in which the Treasury has traditionally issued.
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Domestic market: USD 14.0 billion (60% of total). Placements will concentrate on the short and medium end of the yield curve. This component contemplates Treasury Bills with 2027 maturity for an estimated total of USD 6.0 billion equivalent. This implies a domestic market placement of approximately USD 2.0 billion during the last quarter.
As in previous years, the 2026 program will seek to consolidate benchmark bonds denominated in both pesos and UF, providing the domestic market with stronger reference points and fostering liquidity in both currencies.
All information mentioned herein could be modified in the event of changes in market conditions and/or the Treasury's financing needs, which will be reported accordingly.